Important information regarding your insurance application / proposal
CMIB have arranged an industry specific insurance facility for the KBDI to suit the majority of its members whom are involved in the business of kitchen, bathroom and interior design.
Part of the insurance facility is arranged as a "master policy" in which participating members collectively subscribe. Much care has been taken to provision for adequate limits to ensure that the cover can cater for the many participating members.
The "master policy" provides Public, Products and Advertising Liability for $20,000,000 any one claim, with an aggregate limit of $40,000,000 for Advertising and Products Liability (each) in any one period of insurance. Professional Indemnity cover is provided for $10,000,000 any one claim, with an aggregate limit of $30,000,000 in any one period of insurance.
As the "master policy" coverage is arranged on this basis it may not take into account your specific individual needs or circumstance; because of this, you may need to seek your own advice about the extent and limits of coverage provided.
The cover arranged specifically for KBDI members' core business activities includes:
You should click on the 🛈 icons within the form to read the definitions applicable. This will help avoid errors and/or incorrect information being entered.
When you complete this online application it will serve as your individual proposal and declaration; as such all answers and information you provide will form the basis of your cover. You should ensure you read all details in full and answer all questions accurately; if you have any uncertainties you should contact the broker for advice.
When taking out new or renewing professional indemnity insurance, since it is "claims made" coverage, you must report all claims made on you, including any circumstances, events or matters known to you (or which ought reasonably be known by you) that may culminate into a claim, to your insurer prior to the expiry of your current policy period. This is even more particularly important when you change to a new insurer as cover for any known circumstances is automatically excluded under any new policy period.
You will not be covered under the "master policy" if you undertake (or have in the past undertaken or plan in the future to undertake) activities outside the scope of the core business activities. Therefore you will either require an extension to this cover or to take out additional or alternative cover. For the avoidance of doubt, this "master policy" does not provide cover in relation to any services, advice or activities relating to structural works whatsoever. You can contact the broker if you require any specific advice.
Members whose activities fit outside the scope of the core covered activities under the "master policy" can be catered for within the facility on an individual basis and should continue to complete the application if they wish to apply for an individual policy. Once your application is complete, if you are not automatically accepted the broker will contact you promptly to discuss your individual needs and options.